This Regulatory Alert summarizes recent amendments proposed by the Union Cabinet with respect to the amendments/relaxations of the Foreign Direct Investment Policy in the ‘Construction Development Sector’ pertaining to minimum developed area, minimum capitalisation requirements etc.
The amendments to the FDI policy in the construction development sector, will be a progressive step and will provide liquidity to the debt-laden sector which is struggling with the resources. It will also give confidence and boost to the global investors to invest in a sector which is having huge potential.
Leverage provided in respect of the affordable housing will attract the funds in the affordable housing sector and will help the Government to achieve its socio-economic goal of Housing for All by 2022 and development of smart cities.
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